Projected Income Statement: Aspo Oyj

Forecast Balance Sheet: Aspo Oyj

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 167 156 165 188 213 161 166 153
Change - -6.59% 5.77% 13.94% 13.3% -24.34% 3.11% -7.83%
Announcement Date 2/16/22 2/15/23 2/16/24 2/17/25 2/16/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Aspo Oyj

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 16.9 17.8 21.8 49.7 34.3 35.15 61.07 19.77
Change - 5.33% 22.47% 127.98% -30.99% 2.48% 73.73% -67.63%
Free Cash Flow (FCF) 1 27.5 34.4 27.3 -36.1 14.6 29.7 8.42 27.65
Change - 25.09% -20.64% -232.23% 140.44% 103.42% -71.65% 228.38%
Announcement Date 2/16/22 2/15/23 2/16/24 2/17/25 2/16/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Aspo Oyj

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 13.11% 14.28% 11.19% 11.47% 13.28% 12.5% 13.75% 14.01%
EBIT Margin (%) 7.23% 8.59% 4.94% 4.91% 6.99% 6.96% 7.34% 7.89%
EBT Margin (%) 5.63% 4.29% 3.09% 1.69% 5.39% 6.15% 5.59% 6.26%
Net margin (%) 4.31% 3.22% 0.3% 1.23% 5.01% 5.26% 4.04% 4.64%
FCF margin (%) 4.69% 5.35% 5.09% -6.09% 3.11% 6.25% 1.72% 5.42%
FCF / Net Income (%) 108.7% 166.18% 1,706.25% -494.52% 62.13% 118.87% 42.66% 116.72%

Profitability

        
ROA 9.01% 5.04% 0.4% - - - - -
ROE 20.8% 15.2% 1.2% 4.4% 15.9% 13.26% 10.96% 12.44%

Financial Health

        
Leverage (Debt/EBITDA) 2.18x 1.69x 2.75x 2.76x 3.42x 2.71x 2.47x 2.14x
Debt / Free cash flow 6.09x 4.53x 6.05x -5.21x 14.58x 5.42x 19.7x 5.53x

Capital Intensity

        
CAPEX / Current Assets (%) 2.88% 2.77% 4.06% 8.39% 7.31% 7.4% 12.49% 3.88%
CAPEX / EBITDA (%) 21.98% 19.37% 36.33% 73.09% 55.06% 59.18% 90.84% 27.66%
CAPEX / FCF (%) 61.45% 51.74% 79.85% -137.67% 234.93% 118.35% 725.26% 71.49%

Items per share

        
Cash flow per share 1 1.322 1.995 1.516 1.031 - 1.965 1.615 1.39
Change - 50.94% -23.99% -31.98% - - -17.81% -13.93%
Dividend per Share 1 0.23 0.46 0.47 0.19 0.25 0.2767 0.3167 0.3567
Change - 100% 2.17% -59.57% 31.58% 10.67% 14.46% 12.63%
Book Value Per Share 1 4.14 4.58 4.47 5.13 4.58 5.036 5.385 5.836
Change - 10.63% -2.4% 14.77% -10.72% 9.95% 6.94% 8.37%
EPS 1 0.76 0.61 0.0444 0.14 0.72 0.7967 0.6267 0.7533
Change - -19.74% -92.72% 215.32% 414.29% 10.65% -21.34% 20.21%
Nbr of stocks (in thousands) 31,258 31,358 31,404 31,418 31,312 31,339 31,339 31,339
Announcement Date 2/16/22 2/15/23 2/16/24 2/17/25 2/16/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 7.96x 10.1x
PBR 1.26x 1.18x
EV / Sales 0.76x 0.75x
Yield 4.36% 4.99%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
6.340EUR
Average target price
7.300EUR
Spread / Average Target
+15.14%

Quarterly revenue - Rate of surprise